One-Page Deal Sheet
Surge Energy To Acquire Crude Oil Producing Asset
Surge Energy Inc Not Disclosed
Announced Date
June 12,2013
Effective Date
July 01,2013
Close Date
June 12,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
240
Asset/Basin:
{"Williston Basin"}
TargetZones:
{"Lower Shaunavon","
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Surge Energy Inc. announced today the orderly transition / conversion of the Company to a sustainable, moderate growth, dividend paying oil and gas company with high quality, focused, operated light and medium gravity crude oil assets.
Surge also announced an accretive acquisition of an elite, operated, medium gravity crude oil producing asset in the southwest area of Saskatchewan (the "Acquisition") with original oil in place ("OOIP")(1) of over 250 million barrels, and a recovery factor of less than 1.5 percent.
In conjunction with the Acquisition, Surge has entered into a $225 million…
Canada Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Nov-06-2024 |
-  |
- |
Click here | Alberta | E&P |
| Aug-22-2022 |
- |
- |
Click here | British Columbia | E&P |
| Aug-01-2022 |
- |
- |
Click here | Alberta | E&P |
| Jun-29-2022 |
- |
- |
Click here | Alberta | E&P |
| Dec-15-2021 |
- |
- |
Click here | E&P |
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-14-2021 |
- |
- |
Click here | Saskatchewan | E&P |
| Dec-09-2020 |
- |
- |
Click here | Saskatchewan | E&P |
| Sep-01-2020 |
- |
- |
Click here | Saskatchewan | E&P |
| Nov-14-2019 |
- |
- |
Click here | Saskatchewan | Midstream |
| Sep-03-2019 |
- |
- |
Click here | Saskatchewan | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| May-14-2021 | Saturn Picks Up 288,000 Oxbow Acres in $93MM Deal | -
|
323 |
| Dec-09-2020 | Whitecap Resources to Acquire TORC Oil & Gas | -
|
4,479 |
| Sep-01-2020 | Whitecap Acquires Nal Resources in All-Stock Deal Worth $155MM | -
|
204 |